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Chrome Group to Seek Listing for Some of its Subsidiaries
Date:8/20/2007

one else was prepared to take the risk. I am certain that an emerging understanding of this fact in the industry and among the media will eventually rest allusions to the contrary.

I remain committed to ERHC and my investment therein. However, Chrome Group, of which I am Chief Executive, is about to embark on a new phase of growth which demands my undivided attention in the next few years. This requires that I decline to continue as Chairman and director of ERHC. I am confident that I have taken ERHC to where it can stand on its own. "

About Chrome Group

Chrome Group is a leading multibillion dollar regional conglomerate based in Abuja, Nigeria with vast interests in oil and gas, insurance, destination inspection services, bio-fuels energy production, petroleum products trading, real estate, logistics and dredging services. Chrome Oil Services Limited, the pioneer company in the group has been doing business since the early 1990s and has handled key projects (as part of a consortium) like the turnaround maintenance (TAM)for the Port Harcourt refinery- Nigeria's largest refinery. In addition to its commercial business activities, the group engages in Corporate Social Responsibility (CSR) programmes through which it intervenes strategically in key areas of youth empowerment and promoting and sustaining a renewable and greener environment. The group employs over 800 staff worldwide. Chrome Group is also a non-racial and equal opportunity employer.


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